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CBB Islamic securities oversubscribed

CBB Islamic securities oversubscribed
Photo Credit: Arabianeye-Reuters

Mubasher: The Central Bank of Bahrain (CBB) announced that the monthly issue of Sukuk Al-Salam Islamic securities has been oversubscribed by 205%.

CBB noted that BHD 88 million worth subscriptions were received for the BHD 43 million issue, according to a statement issued on Monday.

The sukuk issue carries maturity of 91 days, starting from 24 May until 23 August 2017, with an expected return of 2.20% compared with 2.23% for the previous issue on 19 April 2017.